Russia will turn on the ruble “printing press” to cope with its first economic slowdown since the February 2022 start of its war with Ukraine and this will inevitably impact the countries of Central Asia.

On Monday, Trump said that Russia's failure to reach a negotiated settlement with Ukraine within 50 days would lead to his administration imposing a 100% tariff rate on Russian imports as well as what he called "secondary tariffs" on countries that have continued to do business with Moscow.

The Financial Times reported that Trump had encouraged Kiev to punish Putin by striking deep inside Russian territory—perhaps even hitting Moscow—if the U.S. provided it with more long-range weapons.

It’s highly unlikely we’ll get a peace deal in 50 days solely because Putin still isn’t interested in one,” Angelica Evans from the Institute for the Study of War

More than a dozen countries stand in the crosshairs of Trump's threat to impose 100% tariffs over their economic ties to Russia.

Russia is brushing aside Trump's 50-day tariff ultimatum to Vladimir Putin. On Tuesday, top officials dismissed the impact of new sanctions and secondary tariffs. Russia is already swamped by sanctions, but Trump also warned of new tariffs for its oil customers.

MOSCOW, July 17, (Xinhua): Russia on Tuesday rejected U.S. President Donald Trump's 50-day ultimatum to agree to a Ukraine ceasefire, dismissing the threat of "severe tariffs" as unacceptable. Russian Deputy Foreign Minister Sergey Ryabkov emphasized that Moscow favors a diplomatic resolution to the Ukraine conflict and is ready to negotiate.